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Fair Isaac Corporation - FICO STOCK NEWS

Welcome to our dedicated page for Fair Isaac Corporation news (Ticker: FICO), a resource for investors and traders seeking the latest updates and insights on Fair Isaac Corporation stock.

Fair Isaac Corporation, commonly known as FICO, is a prominent player in the field of applied analytics, established in 1956. The company is best recognized for its FICO credit scores, an industry-standard benchmark for assessing the creditworthiness of individual consumers. With a foothold in both business-to-business (B2B) and business-to-consumer (B2C) markets, Fair Isaac's credit score services generate a substantial portion of the company's profits.

Apart from credit scoring, FICO offers a comprehensive suite of software solutions tailored for financial institutions. These solutions encompass analytics, decision-making tools, customer workflow management, and fraud detection systems. This diversified product range positions FICO as a critical partner for banks and financial institutions aiming to optimize their operations and minimize risks.

Headquartered in San Jose, California, FICO has a robust financial standing with consistent revenue growth and a strong market presence. The company's innovative approach and commitment to leveraging data analytics for better decision-making have earned it a reputation as a leader in its domain.

Recent achievements include strategic partnerships and the launch of new products that harness advanced technologies like artificial intelligence and machine learning. These initiatives aim to enhance the accuracy and efficiency of their credit scoring and fraud detection offerings.

FICO continues to focus on expanding its market reach and improving its product line-up to cater to the evolving needs of financial institutions worldwide. The company outsources part of its production to sister companies in Malaysia and China to maintain cost-effectiveness and efficiency in operations.

For the latest updates and news on FICO's performance, new projects, and significant developments, keep an eye on their official announcements and financial reports.

News

Cardinal Financial Works with FICO to Offer First VA Mortgage-Backed Security Decisioned on FICO® Score 10 T

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FICO partners with Cardinal Financial to integrate FICO® Score 10 T for non-conforming mortgage loans, aiming to increase VA loan production and help more veterans buy homes. The new scoring model promises greater precision, reduced default risk, and increased mortgage originations without added credit risk.
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FICO UK Credit Card Market Report: December 2023

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The FICO UK Credit Card Market Report for December 2023 reveals the highest average credit card spend and balances since 2006. Average spend increased by 5.9% to £850, while average balances rose by 2.2% month-on-month and 7.2% year-on-year, reaching £1,780. However, 14.8% more customers missed a payment compared to the previous month, with a 1.3% decrease in average balance for those missing one payment.
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Premier Lending Inc. Adopts FICO Score 10 T for Loan Originations and Whole Loan Investment Fund

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Premier Lending Inc. partners with FICO to utilize FICO® Score 10 T for non-conforming loan origination and mortgage acquisitions, aiming to enhance customer service and homeownership opportunities.
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FICO UK Research Finds Fraud Protection Is a Bank’s Secret Advantage

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FICO's report on Fraud, Identity, and Digital Banking emphasizes the importance of strong fraud strategies in customer acquisition and retention. While fraud protection is crucial for individuals, lengthy ID checks can deter customers from opening accounts. Key findings include 34% prioritizing good fraud protection when opening new accounts, with biometrics being a popular security choice.
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Primis Mortgage Company, Subsidiary of Primis Bank, Becomes First Banked Owned Originator to Adopt FICO® Score 10 T to Increase Access to Homeownership

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Primis Bank, backed by FICO's innovative scoring model, aims to boost non-conforming mortgage lending with FICO® Score 10 T, enhancing credit risk management and increasing mortgage originations.
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FICO World 2024 to Spotlight Businesses Leading the “Intelligence Revolution”

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FICO announces FICO® World 2024 event in San Diego, focusing on AI, decision management, and financial inclusion. The event aims to showcase the latest trends in technology for AI-powered decision management, customer loyalty, fraud prevention, and business competitiveness. Attendees can learn from leading financial institutions and industry experts, exchange ideas, and gain insights into credit risk management and financial wellness. Key breakout sessions will cover hyper-personalization, real-time analytics, event-based decisioning, and new scoring strategies.
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FICO Announces Earnings of $4.80 per Share for First Quarter Fiscal 2024

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FICO (NYSE:FICO) reported a revenue of $382 million for the first fiscal quarter ended December 31, 2023, compared to $345 million in the prior year. The GAAP net income was $121.1 million, or $4.80 per share, versus $97.6 million, or $3.84 per share, in the prior year. The company's Non-GAAP Net Income was $121.2 million versus $108.5 million in the prior year period. The company is re-iterating its previously provided guidance for fiscal 2024, including revenues of $1.675 billion and Non-GAAP EPS of $22.45.
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FICO Announces New Stock Repurchase Program on January 24, 2024

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FICO (NYSE:FICO) has announced a new stock repurchase program to acquire up to $500 million of the company’s outstanding common stock. The open-ended program allows the company to repurchase its shares from time to time in the open market and in negotiated transactions, following the completion of its previous stock repurchase program in January 2024.
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Fair Isaac Corporation Announces Date for Reporting of First Quarter Fiscal 2024 Financial Results

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FICO (NYSE:FICO) to announce first quarter fiscal 2024 results on January 25, 2024, and host a conference call. The call will be webcast and accessible at FICO’s website. A replay will be available through January 25, 2025.
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FICO Brings Analytics Challenge to Delaware State University to Empower the Next Generation of Data Scientists

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FICO (FICO) Expands Educational Analytics Challenge to Delaware State University, Promoting Diversity and Inclusion in Data Science
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FAQ

What is the current stock price of Fair Isaac Corporation (FICO)?

The current stock price of Fair Isaac Corporation (FICO) is $2261 as of November 15, 2024.

What is the market cap of Fair Isaac Corporation (FICO)?

The market cap of Fair Isaac Corporation (FICO) is approximately 55.2B.

What does Fair Isaac Corporation (FICO) do?

FICO is a leading analytics company known for its FICO credit scores, which assess consumer creditworthiness. They also offer software for analytics, decision-making, customer workflows, and fraud detection.

When was FICO founded?

FICO was founded in 1956.

What is the primary product of FICO?

The primary product of FICO is the FICO credit score, an industry-standard benchmark for assessing creditworthiness.

Where is FICO headquartered?

FICO is headquartered in San Jose, California.

What markets does FICO serve?

FICO serves both business-to-business (B2B) and business-to-consumer (B2C) markets, primarily financial institutions.

What are some of FICO's other products?

Besides credit scores, FICO offers software solutions for analytics, decision-making, customer workflow management, and fraud detection.

How does FICO maintain cost-effectiveness?

FICO outsources part of its production to sister companies in Malaysia and China to maintain cost-effectiveness.

How does FICO contribute to the financial industry?

FICO contributes to the financial industry by providing tools and solutions that help institutions make better decisions, manage risks, and streamline operations.

What recent technologies has FICO integrated into its offerings?

FICO has integrated advanced technologies like artificial intelligence and machine learning into its credit scoring and fraud detection products.

Where can I find the latest news about FICO?

For the latest news about FICO, check their official announcements and financial reports.

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Fair Isaac Corporation

NYSE:FICO

FICO Rankings

#252 Ranked by Market Cap
N/A Ranked by Dividends

FICO Stock Data

55.22B
24.35M
2.26%
92.4%
2.45%
Software - Application
Services-business Services, Nec
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United States of America
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